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Is South Korea’s economic miracle over?: Decades of growth are tapering off as the country struggles to reform its model and reduce its dependence on ...
ft.com/content/b34e8bc8-9f78-45c8-a15b-3df9cdfd858f
Quick Glance: The Future of South Korea's Economy: An Analysis
- South Korea's economy is facing challenges as the country strives to adapt its traditional growth model and reduce its reliance on manufacturing.
- A massive investment in chip factories in Yongin aims to strengthen the position of South Korea's semiconductor industry, while economists express concerns about future growth.
- With an aging population and declining productivity, South Korea is at risk of economic challenges as the government clings to proven growth drivers.
- South Korean companies must assert themselves in a changing global economic landscape and increase their innovation capacity to secure future growth.
Kenya helicopter crash kills country's military chief: A military helicopter carrying senior military officers crashed and caught fire, killing ten people.
bbc.com/news/world-africa-68846778
North Korea officials visit Iran in a rare public trip: A North Korean delegation led by the cabinet minister for international trade is visiting Iran ...
reuters.com/world/north-korea-officials-visit-iran-rare-public-trip-2024-04-23/
Quick Glance: Kim Leads Rocket Drills for Nuclear Counterattacks
- North Korean leader Kim Jong Un supervised rocket launches simulating nuclear counterattacks.
- The drills showcased the strength of the country's nuclear forces.
- The rockets were described as highly accurate and capable of carrying tactical nuclear warheads.
- The US and South Korea are responding with enhanced military exercises and nuclear deterrence strategies.
South Korea Property Rout Sparks Fear of Private Credit Crisis: South Korea is emerging as a closely watched weak link in the $63 trillion world of shadow ...
bloomberg.com/news/articles/2024-04-22/south-korea-property-rout-sparks-fear-of-private-credit-crisis
South Korean woman conned out of US$50,000 by fake Elon Musk she fell in love with on Instagram
scmp.com/news/asia/east-asia/article/3260197/south-korean-woman-conned-out-us50000-fake-elon-musk-she-fell-love-instagram
Quick Glance: South Korean Woman Falls Victim to $50k Elon Musk Deepfake Scam
- A South Korean woman was convinced to invest 70 million won ($50,770) after watching a fabricated video portraying someone who looked like Elon Musk, the CEO of Tesla, as reported locally on Tuesday.
- Jeong Ji-sun, identified by the pseudonym at KBS, disclosed her experience as a victim of a romance scam on KBS's 'In-Depth 60 Minutes.' During the episode on April 19, Jeong narrated her initial interactions with the scammer posing as Musk.
- Jeong's initial hesitations dissipated swiftly. The scammer forwarded his identification and a workplace photo to Jeong. Moreover, he discussed aspects such as his children and commuting to Tesla or SpaceX via helicopter. He further mentioned his sporadic outreach to fans.
- The program highlighted the prevalent use of AI in these romance scams. The swindler engaged in a form of deception known as 'pig butchering,' as explained by the producer. This approach involves gradually enticing victims to increase their contributions to an apparently legitimate investment before the perpetrator vanishes.
Elon Musk and Javier Milei share their love of free markets in first meeting: Tesla boss shows Argentine president Texas factory where they talked about lithium ...
ft.com/content/604e66e3-597c-49e8-bac5-5d51a7a35abd
Quick Glance: Elon Musk and Javier Milei Discuss Free Markets and Investment Opportunities
- Elon Musk and Argentine president Javier Milei met for the first time at Tesla's Texas factory.
- They discussed market liberation, eliminating bureaucratic obstacles, and investment opportunities.
- Milei unexpectedly won an election focused on spending cuts and inflation reduction.
- Both shared similar views on free markets and expressed support for Israel in conflicts.
Kyrgyzstan Blocks TikTok: Organized Crime and Corruption Reporting Project
occrp.org/en/daily/18667-kyrgyzstan-blocks-tiktok
South Korea prepares new monitoring system to detect illegal stock short selling: South Korea's financial market watchdog said on Thursday it had prepared a new ...
reuters.com/markets/asia/south-korea-prepares-new-monitoring-system-detect-illegal-stock-short-selling-2024-04-25/
Quick Glance: South Korea introduces monitoring system to curb illegal stock short selling
- South Korea's financial market watchdog has developed a new monitoring mechanism to detect illegal short-selling transactions in the stock market. Institutional investors will be electronically processed and filtered through a central detection system to prevent illegal trades.
- South Korea has made various reform efforts to address the 'Korea discount' in the stock market, where domestic companies have lower valuations compared to global peers due to factors like low dividend payouts and opaque governance structures.
- Last November, South Korea imposed a sudden ban on short selling of shares for the first half of the year after discovering illegal trades by foreign investment banks. Authorities stated that the ban would remain until adequate measures are in place to prevent such practices.
- The FSS aims to implement the new monitoring system swiftly after finalizing it, although no specific date was provided for the implementation.
SK Hynix to invest $3.86 bln in DRAM chip production in South Korea
reut.rs/3Ux58yf
Quick Glance: SK Hynix Anticipates Full Chip Recovery Post Q1 Profit Surprising AI Boom
- SK Hynix anticipates a complete recovery in memory chips due to AI demand, achieving its highest profit in nearly two years by selling advanced DRAM chips with High Bandwidth Memory (HBM) for generative AI chipsets.
- The company surpassed expectations for an operating profit of 1.88 trillion won by LSEG SmartEstimate, stating that the memory market is entering a full recovery cycle.
- SK Hynix is the biggest beneficiary of the explosive increase in AI adoption, serving as the main supplier of HBM chips for Nvidia's graphic processing units training AI systems.
- To outpace competition, SK Hynix announced a $3.87 billion investment to construct an advanced chip packaging plant in Indiana with an HBM chip line and research and development for AI products.
Hush money trial: Trump forced to listen silently to people insulting him: Over the past week, Donald Trump has been forced to sit inside a frigid New York ...
apnews.com/article/trump-trial-jurors-hush-money-criticism-b4fe05a61ed566a587523d1120b46a76
Quick Glance: Hush Money Trial: Trump's Silent Encounter with Insults
- Donald Trump has been forced to listen to potential jurors in his criminal hush money trial in New York openly criticize him.
- Transitioning from a life of adulation to facing critics, Trump now experiences a different reality without the control he's accustomed to.
- Previously shielded from critique, Trump now faces a trial with potential felony convictions and will have to endure listening to more criticism.
- Potential jurors exhibited a range of opinions towards Trump, from admiration for his business acumen to open criticism of his persona and rhetoric.
South Korea Early Trade Exports Rise in Positive Sign of Economic Growth: South Korea’s exports have made a brisk start to the second quarter based on early ...
bloomberg.com/news/articles/2024-04-22/south-korea-s-early-exports-rise-as-momentum-remains-strong
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Lithuanian president commends Duda for influencing Trump's stance on Ukraine: Lithuanian President Gitanas Nausėda believes that a meeting between Polish ...
pravda.com.ua/eng/news/2024/04/20/7452158/
Quick Glance: Trump to Meet Polish President Duda as NATO Leaders Push for Ukraine Support
- Presumptive Republican presidential nominee Donald Trump plans to meet with Polish President Andrzej Duda to discuss support for Ukraine.
- European leaders are concerned about Trump's critical stance towards NATO, especially after Russia's invasion of Ukraine.
- Poland hopes Duda can leverage his friendly ties with Trump to garner more support for Ukraine.
- The relationship between Poland and the Biden administration, along with GOP criticism of Ukraine aid, are also topics of discussion.
South Korean court hears children's climate change case against government: South Korea's Constitutional Court began hearing on Tuesday a case that accuses the ...
reuters.com/business/environment/south-korean-court-hears-childrens-climate-change-case-against-government-2024-04-23/
Quick Glance: South Korean Court Deliberates Children's Climate Change Lawsuit Against Government
- Environmental activist Choi Jia, alongside her younger sibling Choi Heewoo, participates in a press briefing preceding the initial hearing concerning petitions asserting that the government infringed upon their human rights due to an inadequate approach to climate change.
- A public hearing regarding a lawsuit brought by twenty-four young environmental activists against the government commenced in one of South Korea's top judicial bodies on Tuesday. The plaintiffs argue that the government's negligence in addressing climate change left them unprotected.
- Maintaining that South Korea's current climate strategies fall short in containing the temperature rise to 1.5 degrees Celsius, the plaintiffs claim this breaches the state's duty to safeguard fundamental rights. Scientists caution about the dire consequences of surpassing a 1.5C temperature increase.
- During the legal proceedings, the government asserted its commitment to minimizing carbon emissions and upholding its citizens' basic rights. Nevertheless, activists expressed dissatisfaction with the government's response and urged for more concrete actions against climate change.
Biden’s controversial ‘cannibalism’ remarks meet pushback in Papua New Guinea: President Joe Biden’s apparent suggestion his uncle may have been eaten by ...
cnn.com/2024/04/24/world/biden-cannibalism-papua-new-guinea-intl-hnk/
Quick Glance: Biden's Controversial Cannibalism Remark Offends PNG Leader
- US President Joe Biden's remarks about his uncle's fate in Papua New Guinea during World War II offended Prime Minister James Marape, causing a diplomatic rift.
- Marape's statement highlighted that Biden seemed to suggest his uncle was consumed by cannibals, challenging the nation's reputation.
- During Australian PM Albanese's visit to PNG, he emphasized the strong defense ties and partnership between the two countries.
- White House press secretary Jean-Pierre defended Biden's comments, stressing the significance of honoring his uncle's sacrifice for the country.
Biden signs ‘vital’ Ukraine, Israel foreign aid bill: President Biden on Wednesday signed the $95 billion emergency foreign aid package, calling out “MAGA ...
thehill.com/homenews/administration/4617842-biden-signs-vital-ukraine-israel-foreign-aid-bill/
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
- President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.
- Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.
- The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.
- Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
North Korea hacking teams hack South Korea defence contractors - police: Major North Korean hacking groups have mounted "all-out" cyber attacks against South ...
reut.rs/3U91GIM
Wild Card: The Bloomberg Open, Asia Edition: Good morning. Stocks bounced back ahead of tech earnings. South Korea’s shadow banking sounds alarm ...
bloomberg.com/news/newsletters/2024-04-22/wild-card-the-bloomberg-open-asia-edition
Record giant HYBE audits 'NewJeans' label as infighting returns to K-pop: South Korea's largest music company is auditing the management of one of its labels as ...
reuters.com/lifestyle/record-giant-hybe-audits-newjeans-label-infighting-returns-k-pop-2024-04-24/
The US quietly shipped long-range ATACMS missiles to Ukraine: The United States in recent weeks secretly shipped long-range missiles to Ukraine for use in its ...
reuters.com/world/us/us-quietly-shipped-long-range-atacms-missiles-ukraine-2024-04-24/
South Korea Q1 GDP growth smashes estimates, but outlook's uncertain: The South Korean economy grew at the fastest pace in more than two years in the first ...
reuters.com/markets/asia/south-korea-q1-gdp-13-qq-beating-forecast-2024-04-24/
Quick Glance: South Korea Q1 GDP Growth Exceeds Estimates
- The South Korean economy grew faster than expected in the first quarter, driven by an increase in domestic consumption and robust exports. However, the sustainability of the recovery was questioned.
- GDP for the January-March quarter grew by 1.3%, marking the sharpest expansion since the fourth quarter of 2021 and surpassing all forecasts.
- Growth in domestic demand was the main factor behind the stronger-than-expected GDP, with private consumption increasing by 0.8%. Analysts expressed uncertainty regarding the long-term strength of economic growth.
- Despite a rebound in exports and an increase in government spending, uncertainty remains regarding inflation outlook and monetary policy, as the Bank of Korea reconsiders its economic growth projections for 2024.
Opening statements to show the stark personal and political stakes of Trump’s first criminal trial
cnn.com/2024/04/21/politics/trump-first-trial-opening-statements/
Quick Glance: Trial Judge Evaluates Trump's Compliance with Gag Order
- Former President Trump is on trial in New York for hush money issues. David Pecker from 'National Enquirer' testified about an agreement to manipulate stories about Trump and his rivals.
- Concerns arose about Trump's violation of the gag order by criticizing court members. Mary McCord explained how the administration of justice can be disrupted by defendants' statements, leading to legal restrictions.
- Despite reluctance to detain a former president, fines may be imposed for attacks on witnesses and judicial families. Threats to security and witness testimonies pose serious challenges to the trial's integrity.
- Judges emphasize the importance of upholding justice by addressing threats and ensuring the safety of those involved in legal proceedings. The credibility of the trial hinges on maintaining a fair and secure environment.
Hyundai pauses ads on X over brand safety issues: South Korea's Hyundai said on Friday that it had paused advertising on X, formerly known as Twitter ...
reuters.com/business/autos-transportation/hyundai-pauses-ads-x-over-brand-safety-issues-2024-04-19/
LG Energy Solution to license out battery patents to block tech infringement, exec says
reuters.com/technology/lg-energy-solution-license-out-battery-patents-block-tech-infringement-exec-says-2024-04-24/
North Korea fires missile off east coast, South Korea, Japan say: North Korea fired a ballistic missile on Monday towards the sea off its east coast ...
reuters.com/world/asia-pacific/north-korea-fires-missile-off-east-coast-south-korea-japan-say-2024-04-22/
Zelensky urges U.S. to send weapons quickly ahead of Russian offensive: Ukrainian President Volodymyr Zelensky indicated that while U.S. lawmakers debated the ...
washingtonpost.com/politics/2024/04/21/ukraine-aid-zelensky-comments/
Quick Glance: Ukrainian President Thanks US for Weapon Aid
- Ukrainian President Zelenskyy thanked U.S. political leaders for approving an aid package for Ukraine, providing the country with a chance at "victory" in its defense against Russia.
- The House passed a bill granting Ukraine $60.8 billion in aid, with Zelenskyy urging swift Senate approval to ensure rapid assistance to frontline soldiers.
- Zelenskyy emphasized the critical need for long-range weapons and air defense systems to stabilize the situation and regain the initiative in Ukraine.
- He addressed rumors of a territorial deal with Russia, emphasizing the importance of a strategy based on concrete democratic measures to end the war.
Exclusive: South Korea considers easing bond market reporting rules, sources say: South Korea is considering easing real-time reporting requirements for ...
reuters.com/markets/asia/south-korea-considers-easing-bond-market-reporting-rules-sources-say-2024-04-24/
Quick Glance: South Korea Contemplates Easing Bond Market Reporting Rules
- South Korea is considering relaxing reporting requirements for investors in the bond market to facilitate inclusion in FTSE Russell's global bond index.
- Proposed changes may reduce reporting to once or twice daily and address a later reporting deadline.
- Easing these regulations could enhance the prospects of South Korean bonds being included in FTSE Russell's WGBI and attract billions of dollars in capital inflows.
- Recent reforms in South Korea aim to improve foreign investor access, including the elimination of a 30-year-old rule for foreign stock traders.
Samsung execs have to work 6 days a week now: report: Samsung reportedly wasn't happy with its performance last year, so execs will be working Saturdays or ...
businessinsider.com/samsung-executives-six-day-work-week-report-2024-4
Quick Glance: Samsung Executives: New Work Schedule and Economic Challenges
- Samsung Group is introducing a six-day workweek for executives in response to economic challenges and disappointing results in 2023.
- The sudden change aims to create a sense of urgency and promote efforts to overcome the situation. The new work schedule takes effect immediately in most of Samsung's technology divisions.
- The work culture in South Korea is renowned for its intensity. In 2022, the average worker spent 1,901 hours at work.
- Recent data shows that Samsung has regained the top position in global smartphone shipments. First-quarter 2024 results are expected on April 30.
How US allies are preparing for a possible second Trump term - Asia & Pacific - The Jakarta Post
thejakartapost.com/world/2024/04/25/how-us-allies-are-preparing-for-a-possible-second-trump-term.html
A conservative strategist on how Joe Biden can win: Sarah Longwell says “double-haters” will decide the election
economist.com/by-invitation/2024/04/23/a-conservative-strategist-on-how-joe-biden-can-win
Quick Glance: Biden criticizes Florida's abortion ban and holds Trump accountable
- President Biden condemns the upcoming 6-week abortion ban in Florida.
- He blames Trump for appointing justices who overturned Roe v. Wade.
- Biden's campaign focuses on abortion rights to mobilize voters.
- Efforts to leverage Florida's abortion laws for political gain are highlighted.
South Korea set to adjust medical reforms in bid to end walkout, say media reports
reut.rs/3vXMaHs
Quick Glance: South Korea adjusts medical school quotas to resolve walkout
- Government to let medical schools determine admissions to end junior doctor strike.
- Acceptance of proposal to reduce increase in medical school admissions by up to 50%.
- Dispute over adding 2000 more physicians by 2035, with 32 medical schools allowed to lower quotas for 2022.
- President Yoon advocates for more doctors, while protesting physicians demand better working conditions and criticize government's approach.
LG Energy Solution to minimise capex this year due to slow EV demand: South Korean battery maker LG Energy Solution (LGES) said on Thursday it plans to minimise ...
reuters.com/technology/battery-firm-lg-energy-solution-q1-profit-plunges-weak-ev-sales-2024-04-25/
How a gag order showdown explains everything about Trump: Prosecutor Christopher Conroy captured the quintessential Donald Trump in a single sentence at the ...
cnn.com/2024/04/23/politics/donald-trump-gag-order-analysis/
Quick Glance: Trump's Attempt to Influence 2016 Election: Hush Money Trial Begins
- An prosecutor alleges that Donald Trump tried to illegally influence the 2016 election by preventing damaging stories about his personal life from becoming public.
- The trial, potentially lasting up to two months, will require Trump to spend his days in a courtroom instead of on the campaign trail.
- The indictment includes 34 counts of falsifying business records, punishable by up to four years in prison.
- The case sheds light on efforts to suppress stories, known as 'Catch-and-Kill' in tabloid industry, to prevent potentially damaging revelations.
Biden marks Passover with statement of ‘ironclad’ support for Israel: President Biden marked the coming of Passover in a message Sunday, tying the Jewish holiday ...
thehill.com/homenews/administration/4610240-biden-marks-passover-with-statement-of-ironclad-support-for-israel/
What to know about the long-range missiles the U.S. quietly gave Ukraine: The weapons allowed Ukraine to strike targets deep inside Russian-occupied territory.
axios.com/2024/04/24/us-long-range-missiles-atacms-ukraine-war
Quick Glance: USA Provides Ukraine with Long-Range ATACMS Missiles
- The USA delivered short-range ATACMS missiles with extended range to Ukraine to protect the country.
- The delivery was discreet, part of an aid package to maintain Ukraine's operational security.
- The USA previously provided ATACMS missiles with a range of 165 km last year, now supplying missiles with up to 300 km range.
- Germany rejects providing the Taurus missile while the USA offers extensive aid to Ukraine.
Biden canceling student debt for more than 277,000 borrowers: President Biden announced on Friday he would be canceling debt for more than 277,000 borrowers ...
thehill.com/homenews/education/4589702-biden-canceling-student-debt-for-more-than-277000-borrowers/
Quick Glance: Biden administration announces more student loan cancellation
- A new repayment arrangement by the Biden administration allows for the cancellation of student loans for an additional 206,000 borrowers.
- Through the Education Department's SAVE Plan, nearly 8 million Americans have embraced the plan, with 4.5 million not paying due to lower incomes.
Joe Biden urges restraint from Israel after Iran’s drone and missile attack: Macron warns of risk of ‘conflagration in the region’ as Israeli war cabinet ...
ft.com/content/1b9b50dd-a0a5-4fd7-8c3b-a15bae40dba9
Joe Biden calls for tripling of tariffs on Chinese steel: US also to probe Chinese shipbuilding as president’s re-election campaign fights for votes in ...
ft.com/content/bd60c55e-110c-454e-a9f6-be9233bcc2eb
Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel
- US President Joe Biden is pushing for an increase in tariffs on Chinese steel and aluminium to strengthen union support in the swing state of Pennsylvania.
- During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.
- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
South Korean nuclear fusion reactor sets new record, and other technology news you need to know
weforum.org/agenda/2024/04/nuclear-fusion-record-technology-news-april-2024/
South Korea protests Japanese leaders' offerings to Yasukuni shrine: South Korea on Sunday protested Japanese Prime Minister Fumio Kishida's offering to Tokyo's ...
reuters.com/world/asia-pacific/south-korea-protests-japanese-leaders-offerings-yasukuni-shrine-2024-04-21/
Quick Glance: South Korea Objects to Japanese Leaders' Yasukuni Shrine Offerings
- South Korea expressed deep disappointment on Sunday over Japanese Prime Minister Fumio Kishida's offerings at the Yasukuni Shrine and urged Japanese leaders to show repentance for the country's wartime past.
- The shrine is viewed by Beijing and Seoul as a representation of Japan's historical military aggression due to its inclusion of 14 Japanese wartime leaders among the 2.5 million war dead honored there.
- The South Korean government calls on Japanese leaders to confront history and demonstrate sincere repentance, which would be a crucial step towards enhancing relations between the two countries.
- Despite progress in the South Korea-Japan relationship, particularly in security cooperation, the offerings made by Kishida and some cabinet members at the Yasukuni Shrine have sparked protests from South Korea.
South Korea's economy likely saw steady economic growth in Q1: Reuters poll: South Korea's economy likely grew 0.6% last quarter, maintaining the same pace of ...
reuters.com/markets/asia/south-koreas-economy-likely-saw-steady-economic-growth-q1-2024-04-23/
Korean Crypto Boom: Upbit Now a Top Global Exchange by Volume: The beating heart of the crypto bull market sweeping the world isn’t Miami, Paris or the Middle ...
bloomberg.com/news/articles/2024-04-25/korean-crypto-boom-upbit-is-now-a-top-global-exchange-by-volume
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New York’s House Republicans call on Columbia president to resign amid protests: All 10 House Republicans from New York on Monday called on Columbia University ...
thehill.com/homenews/house/4611671-ny-house-republicans-call-on-columbia-president-to-resign-amid-protests/
South Korean sentenced to 14 months in jail for killing 76 cats: SEOUL: A South Korean man has been sentenced to 14 months in prison for killing 76 cats in one ...
channelnewsasia.com/asia/south-korean-man-sentenced-14-months-jail-killing-76-cats-4285821
Millions more go to Trump legal expenses as Biden and Democratic Party expand campaign cash advantage
cnn.com/2024/04/20/politics/campaign-finance-reports-trump-legal-fees/
Quick Glance: Millions more spent on Trump legal fees as Biden and Democratic Party expand campaign funds lead
- Donald Trump’s leadership PAC spent as much money as it took in last month, with his legal bills remaining a top expense as the former president grappled both with the aftermath of losing a civil fraud case and prepared for the start of a historic criminal trial in a Manhattan court.
- Save America, the political action committee that has underwritten much of Trump’s legal expenses, spent nearly $3.7 million on legal-related expenses in March – nearly $3 out of every $4 it collected, according to a filing Saturday night with the Federal Election Commission.
- President Joe Biden alongside the Democratic National Committee increased their financial lead over Trump and the GOP in the past month.
- The financial boost for Kennedy, the vice presidential pick of Robert F. Kennedy Jr., represents a financial boon for his independent bid for the White House. His campaign received a $2 million donation from Nicole Shanahan in March and raised over $3 million more that same month, based on campaign filings.
South Korea's Last F-4E Phantoms Fire Final AGM-142 Popeye Missiles Prior To Retirement
theaviationist.com/2024/04/21/rokaf-f-4e-final-live-firing-agm142/
South African butts rated biggest in the world: It's bottoms up for Mzansi as we top the list of biggest booties in the world
timeslive.co.za/lifestyle/2024-04-12-south-african-butts-rates-number-1-in-the-world/
North Korea Launches Suspected Ballistic Missile, South Says: North Korea fired a suspected ballistic missile Monday, South Korea’s military and Japan’s Coast ...
bloomberg.com/news/articles/2024-04-22/north-korea-launches-suspected-ballistic-missile-south-says
Billionaire Families Lose Hope for Tax Cut After Korean Vote: Some of the richest people in South Korea may be among the biggest losers from elections last week ...
trib.al/fKQvcMI
Quick Glance: Disappointment for Billionaire Families After Tax Reform Decision in South Korea
- President Yoon Suk Yeol faces setback in plans for inheritance tax reform.
- High inheritance tax in South Korea targets wealthy individuals and chaebols.
- Opposition party gains momentum in advocating for higher taxes on the wealthy.
- Discussions on tax reforms and their implications on businesses and the economy.
Surging Oil Prices Seen Dragging Down Won to 1,400 Per Dollar: South Korea’s won is far from bottoming out after falling to a 17-month low on Thursday ...
bloomberg.com/news/articles/2024-04-11/surging-oil-prices-seen-dragging-down-won-to-1-400-per-dollar
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Seoul studies $99K cash incentive for each child born: If implemented, it would be South Korea's most generous baby incentive ever.
straitstimes.com/asia/east-asia/seoul-studies-99k-cash-incentive-for-each-child-born
South Korea Issues Rare Warning After Won Hits 1400 Per Dollar: South Korean authorities issued a rare warning to participants in the foreign exchange market ...
bloomberg.com/news/articles/2024-04-16/south-korea-issues-rare-warning-after-won-hits-1400-per-dollar-lv24xmqh
Johnson calls on Columbia University president to resign during tense news conference
cnn.com/2024/04/24/politics/johnson-columbia-university-president/
Biden administration announces strategy to combat future pandemics with 50 country partnership
pbs.org/newshour/politics/biden-administration-announces-strategy-to-combat-future-pandemics-with-50-country-partnership
Biden to speak at Morehouse College commencement, sparking faculty concerns: Morehouse College is set to announce that President Joe Biden will deliver its ...
nbcnews.com/politics/joe-biden/biden-speak-morehouse-college-commencement-rcna148870
US and Asia allies push for new panel to monitor North Korea sanctions: The U.S., South Korea and Japan are pushing for a new multi-national panel of experts ...
reut.rs/49zEKrK
North Korea, Belarus deputy foreign ministers agree to strengthen ties
reuters.com/world/north-korea-belarus-deputy-foreign-ministers-agree-strengthen-ties-2024-04-18/
Quick Glance: North Korea, Belarus strengthen ties
- North Korean officials met with a delegation from Belarus to deepen cooperation and criticized the U.S. for attempting to increase 'lawless' sanctions pressure.
- During the discussions, Belarus' Deputy Foreign Minister Evgeny Shestakov and his North Korean counterpart Lim Chun Il discussed bilateral cooperation in various sectors and mutual support on the global stage.
- Kim Son Gyong, vice minister for International Organizations of the DPRK Foreign Ministry, criticized Linda Thomas-Greenfield, the U.S. ambassador to the United Nations, for her trip to South Korea and Japan, labeling the UN sanctions against the country as 'lawless'.
- In contrast, Russia has opposed the annual renewal of the multinational panel of experts that has monitored the implementation of UN sanctions aimed at curbing North Korea's nuclear and missile programs over the past 15 years.
South Korea's LG Electronics raises $800 million dollar bond, term sheet shows: South Korea's LG Electronics has raised $800 million through a dollar bond deal ...
reuters.com/markets/asia/south-koreas-lg-electronics-plans-raise-up-1-bln-with-dollar-bonds-sources-say-2024-04-18/
U.S., Japan, Korea finance leaders launch first trilateral meeting: The United States, Japan and South Korea kicked off their first trilateral finance leaders' ...
reut.rs/3JlXJvh
Fifteen members of the storied Kennedy political family endorsed US President Joe Biden at a Philadelphia campaign event, with some joining him onstage ...
reut.rs/3UpUSYB
Quick Glance: Biden Secures Kennedy Family Endorsement Amid RFK Jr Controversy
- Fifteen members of the Kennedy political dynasty backed U.S. President Joe Biden at an event in Philadelphia, distancing themselves from Robert F. Kennedy Jr's independent candidacy.
- Biden, a Democrat, faces a rematch with Republican Donald Trump in November, with concerns arising over potential spoiler effects from Kennedy's candidacy as a prominent anti-vaccine activist.
- Robert F. Kennedy Jr, son of the late U.S. senator and presidential candidate, garners 15% voter support, contrasting with Biden's 39% and Trump's 38% in a recent Reuters/Ipsos poll.
- Kennedy family members are expected to assist local volunteers in supporting Biden's campaign, following their endorsement at an event in Philadelphia.
South Korea’s ‘Luke Skywalker’ strikes blow against President Yoon : Convicted former justice minister helps deliver resounding electoral victory for leftwing ...
ft.com/content/747fa044-81e5-4bbe-8c97-eb4145a9783c
Quick Glance: South Korea’s ‘Luke Skywalker’ Triumphs Against President Yoon
- Former minister Cho Kuk aids in leftwing alliance's electoral victory
- Former justice minister Cho Kuk, convicted on corruption charges, played a pivotal role in the defeat of conservative President Yoon Suk Yeol in parliamentary elections.
- Cho calls for Yoon and PPP leader Han Dong-hoon, both former prosecutors, to be held accountable for abuse of power.
- The leftwing alliance narrowly missed the 200-seat mark that would have allowed them to bypass a presidential veto. Yoon now faces over three years as a lame duck, while the country heads towards more than three years of stagnation.
Palestine's Ismail Haniya in Istanbul for talks with President Erdogan: Turkish president is set to discuss Israel's war on Gaza with leader of ...
trtworld.com/turkiye/palestines-ismail-haniya-in-istanbul-for-talks-with-president-erdogan-17846036
Quick Glance: Hamas Chief Meets Erdogan in Istanbul Visit
- Turkey's President Erdogan met Hamas chief Haniyeh in Istanbul to emphasize the importance of focusing on Gaza.
- Erdogan urged Palestinians to unite against Israeli aggression in Gaza.
- The meeting followed Erdogan's comparison of Hamas to Turkish independence fighters.
- Hamas expressed gratitude for Erdogan's support and criticized Israel's response to the meeting.
REPO Act: Russian-Asset Seizure Law Spurs Debate Over Impact on Dollar: Congressional passage Tuesday of authority granting President Joe Biden new powers to ...
bloomberg.com/news/articles/2024-04-24/russia-asset-seizure-law-spurs-yellen-praise-angst-over-dollar
Czech president says over 1 million shells found for Ukraine: Czechia has discovered over a million pieces of artillery ammunition around the world that can be ...
pravda.com.ua/eng/news/2024/04/12/7451017/
Kirby says Netanyahu was ‘very grateful’ for Biden’s support of Israel in phone call
thehill.com/policy/international/4593280-kirby-says-netanyahu-was-very-grateful-for-bidens-support-of-israel-in-phone-call/
Quick Glance: Israel artist calls for Gaza ceasefire
- The representative of Israel at the international art fair is calling for an immediate ceasefire in Israel’s war on Gaza.
- Ruth Patir’s video installation called (M)otherland was scheduled to open on Saturday at Israel’s national pavilion at the international art show but will remain closed for now.
- Patir stated on her website that the artist and curators are showing solidarity with the families of the hostages and the large community in Israel calling for change, rather than canceling themselves or the exhibition.
- It is believed that there are still individuals in Gaza, including 129 captives taken during the attacks led by Hamas on Israel on October 7, with 34 of them presumed dead.
It Is High Time to Engage North Korea: The alternative is to do nothing and drift into an even more serious crisis as North Korea further builds up its nuclear ...
thediplomat.com/2024/04/it-is-high-time-to-engage-north-korea/
North Korea fires unidentified missile into sea in latest weapons launch, South Korea says
go.france24.com/Rio
Biden told Netanyahu U.S. won't support an Israeli counterattack on Iran: Biden and his senior advisers are highly concerned an Israeli response to Iran ...
axios.com/2024/04/14/biden-netanyahu-iran-israel-us-wont-support
Eight members of a Ugandan music band have been arrested for complaining that the president's speech at the weekend was too long, local media report ... Show more
Africa Live: Bobrisky jailed for six months for spraying money - BBC News: The socialite is convicted of throwing naira banknotes in the air in celebration ...
bbc.co.uk/news/live/world-africa-68651946
Quick Glance: Africa: Bobrisky sentenced to six months in jail
- Police in Addis Ababa, Ethiopia, reported three individuals killed in a shootout with armed group Fano, marking the first violent incident in connection with the rebellion in the capital.
- Russian military instructors arrived in Niger to train the national army, enhancing Moscow's influence in the troubled Sahel region.
- Ghana's Vice President and ruling party presidential candidate opposes LGBTQ+ practices, citing religious and cultural norms.
- UN urges Mali to repeal ban on political activities, sparking tensions as the military junta fails to uphold promises of a return to civilian rule.
Record giant HYBE audits 'NewJeans' label as infighting returns to K-pop: South Korea's largest music company is auditing the management of one of its labels as ...
reuters.com/lifestyle/record-giant-hybe-audits-newjeans-label-infighting-returns-k-pop-2024-04-24/
Bank of Korea chief watching Middle East tensions for FX, growth outlook reviews: South Korea's central bank chief on Friday said odds for any further policy ...
reuters.com/markets/currencies/bank-korea-chief-watching-middle-east-tensions-fx-growth-outlook-reviews-2024-04-19/
Hank Bank team serves guest workers in Korea: Banking services for guest workers are becoming increasingly crucial, as more foreign workers are entering and are ...
koreatimes.co.kr/www/biz/2024/04/126_373411.html
Political heat prods Japan, South Korea to team up on weak currencies: The success of Japan and South Korea at inserting language voicing concern over their ...
reuters.com/markets/currencies/political-heat-prods-japan-south-korea-team-up-weak-currencies-2024-04-19/
Paraguay to teach Korean as second foreign language to middle, high schoolers : Middle and high school students in Paraguay will be able to learn Korean as a ...
koreatimes.co.kr/www/culture/2024/04/517_373032.html
Exclusive: US plans to restore tariffs on dominant solar technology, sources say: The Biden administration is expected to grant a request by South Korea’s Hanwha ...
reut.rs/4cV1OUN
Crypto.com delays Korean market entry indefinitely : Crypto.com's entry into the Korean market has been delayed indefinitely due to regulatory issues.
koreatimes.co.kr/www/biz/2024/04/816_373373.html
South Korea, Romania pledge defence cooperation amid reports of contract in works
reuters.com/world/south-korea-romania-pledge-defence-cooperation-amid-reports-contract-works-2024-04-23/
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